Pallas Capital Advisors LLC Has $822,000 Stake in Nutanix, Inc. (NASDAQ:NTNX)

Pallas Capital Advisors LLC lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,432 shares of the technology company’s stock after purchasing an additional 384 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Nutanix were worth $822,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bain Capital Investors LLC bought a new position in shares of Nutanix during the third quarter worth about $998,601,000. Driehaus Capital Management LLC grew its stake in shares of Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after acquiring an additional 794,215 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Nutanix by 47.5% in the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after purchasing an additional 374,328 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,771 shares of company stock worth $5,387,045 over the last three months. Insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX stock opened at $63.05 on Wednesday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of -180.14, a PEG ratio of 10.34 and a beta of 1.16. The company has a 50-day simple moving average of $66.31 and a 200 day simple moving average of $60.40.

Analyst Ratings Changes

Several equities research analysts have issued reports on NTNX shares. Barclays lifted their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 28th. Needham & Company LLC upped their price objective on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Piper Sandler raised their target price on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.47.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.